Chile’s WOM receives interim approval of $210 million DIP facility

By Sarah Lizee

Olympia, Wash., April 3 – WOM SA received interim approval of a $210 million multi-draw term loan debtor-in-possession facility, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company can now access $100 million of the DIP facility.

JPMorgan Chase Bank, NA is administrative agent and TMF Group New York, LLC is collateral agent.

Interest is 10% per annum. Fees include a 1% exit fee, a 3% unused commitment fee and a 1% maturity extension fee,

The facility is set to mature on July 1 if not extended.

A final hearing on the DIP financing is scheduled for May 1.

The Santiago, Chile-based telecom operator filed Chapter 11 bankruptcy on April 1 under case number 24-10628.

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